Metallurgical prices were stable on the week, with each index down slightly at $332/mt (-0.7% WoW).
WoW: FOB Aus -0.7%, CFR China -0.7%
MoM: Fob Aus +2.8%, CFR China +2.8%
YoY: Fob Aus +4.7%, CFR China -1.5%
Seaborne thermal indexes continued their downward trajectory this week. This time European (API2) prices plunged as inventories increased despite cold weather.
WoW: API2 -11.6%, NEWC -1.0%, S. Africa -1.5%
MoM: API2 -13.4%, NEWC -12.4%, S. Africa -8.1%
YoY: API2 -33.5%, NEWC -56.0%, S. Africa -36.2%
Weekly News & Summary
Here’s the weekly rundown of the most important Coal News and Market information which I’ve curated for free and paid subscribers.
Australian Miners Provide Updates:
Yancoal Australia Delivers Strong Finish to 2023, Eyes Efficiency Gains in 2024
Whitehaven Coal Holds Steady in December Quarter, Eyes Met Coal Boom with Blackwater Deal
Stanmore Resources Rides Met Coal Boom, Eyes Production Growth in 2024
Coronado Battles Rain and Delays to Maintain Met Coal Output
Railroad Operators Report Earnings:
Bearish LNG Developments:
Russian Coal Headwinds:
Updates on the Chinese Outlook:
Resilient Commodities Offer Stark Contrast to Chinese Stock Rout
China orders curbs on debt spending but 2024 infrastructure steel demand seen steady
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